Entering text into the input field will update the search result below

Bloomberg: Airbus A380 deal with Emirates hits snag

Oct. 08, 2018 3:35 PM ETAirbus SE (EADSF) StockEADSY, EADSF, RYCEY, RYCEFBy: Carl Surran, SA News Editor1 Comment
  • Airbus's (OTCPK:EADSF, OTCPK:EADSY) latest order for the A380 superjumbo has stalled amid drawn-out talks involving the engines, possibly imperiling a deal seen as vital for the future of the aircraft, Bloomberg reports.
  • The $16B deal for as many as 36 additional A380s is at an impasse as Emirates negotiates with Rolls-Royce (OTCPK:RYCEF, OTCPK:RYCEY) on price and fuel burn on an engine that already has fallen short of performance parameters, and the companies have missed a deadline to select the engines, possibly delaying first delivery in 2020 and even threatening the deal outright, according to the report.
  • Emirates, the A380’s only major customer, agreed in January to buy more planes after months of tense negotiations.

Recommended For You

About EADSF Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
EADSF--
Airbus SE